Billionaire Jeff Bezos released a warning about the future of the economy this week.
“Yep, the probabilities in this economy tell you batten down the hatches,” the head of Amazon said in an interview with CNBC.
Goldman Sachs CEO David Solomon echoed that sentiment.
“I think you have to expect that there’s more volatility on the horizon,” he said. “Now, that doesn’t mean for sure that we have a really difficult economic scenario. But on the distribution of outcomes, there’s a good chance that we have a recession in the United States.”
Bezos posted the same message on Twitter which sparked reaction online.
Yep, the probabilities in this economy tell you to batten down the hatches. https://t.co/SwldRdms5v
— Jeff Bezos (@JeffBezos) October 18, 2022
I’ll take “People predicting a recession while already inside a recession” for $100, Alex.
— Mark Jeffrey (@markjeffrey) October 18, 2022
— Rob ⛵️Financial Navigator (@smartmoney1987) October 19, 2022
Even @JeffBezos and @GoldmanSachs say, essentially, be ready to weather a possible storm #recession on the horizon.
I say: just be mindful and risk ready. For those who have been saving their pennies, I see it as opportunities to invest right around the corner – post tanking 😉 https://t.co/mxQssjS51s
— andros vale (@AndrosVale) October 19, 2022
The treasury yield curve inversion been telling everyone “RECESSION” for a while now. So much so that the real question is whether or not the equity markets have ALREADY discounted the recession! $SPY $SPX https://t.co/iKkvaUOXhz pic.twitter.com/KU5ysnal0h
— echotoall (@echotoall) October 19, 2022